Why is Onix Solar falling/rising?

As of 16-Jul, Onix Solar Energy Ltd's stock price is currently at 402.35, reflecting an increase of 7.85, or 1.99%. The stock has shown a strong performance today, outperforming its sector by 2.31% and has been on a consecutive gain streak for the last three days, accumulating a total return of 6.09% during this period. Additionally, Onix Solar has demonstrated impressive returns over various time frames, including a 318.46% increase over the past year and a staggering 1250.17% over the last three years. Positive financial results reported in March, including the highest quarterly PAT and PBDIT, have likely contributed to the stock's upward momentum, alongside consistent returns that have outperformed the BSE500 in recent years.
In the broader market context, Onix Solar's short-term return of 1.91% over the past week stands in contrast to the Sensex, which has declined by 1.08% during the same period. This divergence highlights the stock's resilience and strength relative to the broader market. However, it is worth noting that there has been a significant drop in investor participation, with delivery volume falling by 88.08% against the five-day average, which could indicate potential concerns about liquidity despite the stock's current performance. Overall, while Onix Solar is experiencing a rise in its stock price, the decrease in trading volume may warrant caution for investors.